Ashford trust provides update on mortgage extensions

Company makes strategic decision to reduce leverage and conserve cash dallas , july 7, 2023 /prnewswire/ -- ashford hospitality trust, inc. (nyse: aht) ("ashford trust" or the "company") today provided an update on the extensions for its keys loan pools, which had an initial maturity date in june 2023. each of the keys loan pools had an extension test that required the hotels secured by each loan to achieve a certain debt yield in order to qualify for the one-year extension.
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